Which EU states oppose an immediate Russian oil embargo?

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Germany and Hungary Oppose an Immediate Russian Oil Embargo

Germany and Hungary are currently opposing an immediate oil embargo on Russian imports. This stance comes as the European Union is reportedly preparing a sixth sanctions package, which includes discussions around a potential oil embargo. The aim of these sanctions is to exert maximum pressure on Russia while minimizing negative repercussions for the EU itself.
Germany and Hungary's Opposition to Embargo

Germany and Hungary have voiced their opposition to an immediate ban on Russian oil. This divergence in opinion exists within the EU, with some member states, such as Poland and Lithuania, advocating for a complete cessation of Russian oil and gas imports. The precise details of any potential oil sanctions have not yet been finalized by the EU Commission.
EU's Consideration of "Smart Sanctions"

The European Commission is actively exploring various measures for its sixth sanctions package against Russia, with "smart sanctions" on oil imports being a key consideration. These measures could involve a phased reduction of Russian oil imports or the implementation of tariffs on exports that exceed a designated price cap. The objective is to apply pressure on Russia effectively without causing significant collateral damage to the EU's own economy.
Russia's Significance as an EU Oil Supplier

Russia holds a significant position as a major oil supplier to the European Union. In 2020, Russian oil accounted for 26 percent of the EU's total oil imports. Oil and petroleum products are crucial energy sources for Europe, contributing to approximately one-third of its gross available energy and underpinning various sectors, including transportation and chemical production.

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Which EU states oppose an immediate Russian oil embargo?

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